Utah requires a 120-hour pre-licensing course and a passing rating on the state examination . Experts predict what meaning for homebuyers and the housing market in general. Next, the person needs to hitch one of the National Association of Realtors’ local real property associations, pay a one-time software charge, and pay annual membership dues to hold up their Realtor status. All Realtors should adhere to the National Association of Realtors’ strict Code of Ethics. Managing brokers oversee transactions and daily operations in the workplace.